The Chinese upstart’s rival to ChatGPT says it comes at a fraction of the cost, raising questions about the rationale for stratospheric AI budgets.

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The proposal to enhance transparency and guardrails for new technologies within broker-dealers is likely to be scrapped. However, compliance costs for major brokers are expected to rise, according to Bloomberg Intelligence analysis.

Bloomberg Intelligence Senior Technology Analyst Mandeep Singh discusses Deepseek, a Chinese AI startup, that has demonstrated breakthrough AI models offering comparable performance to the world's best chatbots at a fraction of the cost.

Powerful artificial intelligence software from Chinese startup DeepSeek indicates that its engineers built a competitive model despite US attempts to curtail China’s tech development, raising questions about the effectiveness of Washington’s trade curbs.

Nvidia Corp., the biggest provider of chips used to train artificial intelligence software, said a new model released by Chinese startup DeepSeek is an “excellent AI advancement” that complies with US technology export controls.

DeepSeek said it’s restricting signups for new users to people with a mainland China telephone number, after a surge of global interest in the Chinese artificial intelligence chatbot led to service disruptions.

Chinese startup DeepSeek’s eponymous AI assistant rocketed to the top of Apple Inc.’s iPhone download charts, stirring doubts in Silicon Valley about the strength of America’s lead in AI.

Salesforce Inc. Chief Executive Officer Marc Benioff said there will be “thousands” of deals for its new Agentforce AI product in the current fiscal quarter.

Alphabet Inc.’s Google is backing artificial intelligence developer Anthropic with a further $1 billion, building its stake in one of the most promising rivals to OpenAI.

A selloff was triggered after a cheap AI model from Chinese startup DeepSeek climbed to the top of Apple’s appstore, sparking concerns that valuations of the technology may be tough to justify. Japanese stocks fell,

Nvidia's stock plummeted 17%, wiping out $589 billion in market value, due to concerns over Chinese AI startup DeepSeek's competitive, low-cost technology. The news spurred a broader tech selloff, highlighting fears that US firms may have over-invested in AI.